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    Retail

    Today

    JB Hi-Fi CEO Terry Smart.

    JB Hi-Fi looks for growth and rewards investors amid resilient sales

    The major electronics and consumer goods retailer will move into the commercial builder market with the purchase of kitchen and bathroom group E&S Trading.

    • Carrie LaFrenz

    Yesterday

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    Multinationals sound alarm over weak demand in China

    Weak demand in China has been a feature of half-year earnings across much of the global consumer goods sector.

    • Edward White and Thomas Hale
    Chelsea McIntosh is shutting down the second-last of her gift shops, in a prime Melbourne CBD location, after it was losing her $10,000 a month.

    ‘Heartbreaking’: Melbourne stores bite the dust as workers stay home

    Small-business owner Chelsea McIntosh has been forced to close down six out of seven gift shops she ran in Melbourne’s CBD as the retail sector has been rattled.

    • Gus McCubbing

    This Month

    Super Retail Group CEO Anthony Heraghty has been accused of having an affair with another executive and creating an awful culture in the company.

    Former Super Retail executive claims CEO spat at staff in meeting

    The allegation, made in court filings, suggests Anthony Heraghty presided over a dysfunctional workplace and improperly spent funds. He denies the claims.

    • Carrie LaFrenz
    Nick Scali CEO Anthony Scali said UK trade is expected to deteriorate further amid tough conditions and more stores get refurbished.

    ‘People have more money, but we have not seen it’: Nick Scali CEO

    The retailer has recorded a slide in sales as shoppers stay away from big-ticket purchases.

    • Updated
    • Carrie LaFrenz
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    Steve Donohue.

    Why Dan Murphy’s boss was almost sacked on his first day

    As he celebrates three decades working at Dan Murphy’s, the Endeavour Group chief executive is ready for more direct feedback from his critics.

    • Updated
    • James Thomson
    Olivia Wirth was appointed executive chair of Myer earlier this year.

    Big discounting and store closures hit Myer’s bottom line

    The department store has warned it will record a fall in sales when it publishes its financial results next month, as lower customer spending takes its toll.

    • Carrie LaFrenz
    Pressure is mounting on Don Meij, the CEO Australia’s biggest pizza group Domino’s, to turn around its fortunes.

    Pressure is on Domino’s boss to deliver a turnaround

    US parent Domino’s Pizza Inc and local chairman Jack Cowin are each becoming more involved in how ASX-listed Domino’s Pizza Enterprises is run.

    • Carrie LaFrenz
    Leah Weckert, Anthony Albanese and Coles chairman James Graham in Kemps Creek on Tuesday.

    Coles boss banks on efficiency gains from new warehouse

    Leah Weckert says better product availability will translate to higher sales following the opening of a major distribution centre in western Sydney. 

    • Carrie LaFrenz
    Two of Jason Hosking’s co-founders have departed after a wave of cost cuts.

    Blackbird, Tiger Global-backed start-up shares valued at zero

    Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.

    • Nick Bonyhady
    Agi Pfeiffer-Smith, head of Dan Murphy’s chain, said shoppers are seeking out value in different ways.

    Liquor giant Dan Murphy’s absorbs Penfolds price hikes

    The retail chain’s managing director Agi Pfeiffer-Smith said the market is increasingly competitive and even shoppers seeking small luxuries want a deal.

    • Carrie LaFrenz
      Cettire parcels being collected in Taormina, Sicily, for delivery.

    The luxury bubble is bursting and not even Cettire is safe

    Prestige fashion is in a state of crisis as sales plunge and stocks pile up. For Cettire, which has operated in the grey market, this is its moment of truth.

    • Carrie LaFrenz and Jonathan Shapiro
    Amare Safety distributes well-known names in workwear like King Gee, Hard Yakka and Blundstone.

    PwC in buyer hunt for personal safety equipment biz Amare Safety

    Sydney’s Pacific Equity Partners would be a logical buyer given the firm’s acquisition of industrial supplies group ATOM earlier this year.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    David Jones CEO Scott Fyfe is investing over$250 million in revamping the chain with owners Anchorage Capital.

    ‘We know over 500 customers’ are searching for it’: the big changes coming to DJs

    Although shoppers remain cautious, Scott Fyfe and Anchorage Capital are hoping their $250 million revamp will keep consumers spending.

    • Carrie LaFrenz

    July

    Former Super Retail Group chief legal officer Rebecca Farrell arrives at the Federal Court ahead of a hearing.

    Super Retail wins last-minute bid to suppress statement of claim

    The owner of Rebel Sport and Supercheap is defending an action brought by its former head of legal.

    • Carrie LaFrenz
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    Scentre Group CEO Elliott Rusanow.

    Scentre, Barrenjoey pin down another Adelaide shopping mall bargain

    A month after they struck a deal at Tea Tree Plaza, Scentre Group and Barrenjoey Private Capital Management are back, buying a 50 per cent stake in an Adelaide mall.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Rebecca Farrell, the forme head of legal of Super Retail, has lodged a claim in Federal Court.

    Harmers lodges claim against Super Retail, CEO and chairwoman

    The former head of legal for the company which owns Rebel sport is now looking to the Federal Court to enforce a settlement deal she allegedly reached in May.

    • Updated
    • Carrie LaFrenz
    Louis Vuitton is by far the world’s biggest luxury brand.

    The luxury industry is falling from its elevated heights

    The broader fall in luxury consumption has come as a shock to an industry accustomed to attaining ever greater heights, apart from in its pandemic slump.

    • John Gapper
    Sacha Laing.

    Adore Beauty hires ex-General Pants CEO to lead recovery

    After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.

    • Updated
    • Carrie LaFrenz
    Retail store Country Road is under pressure to trim down.

    Woolworths Holdings brings in BCG to slash costs at Country Road

    Country Road – which operates its eponymous brand along with Mimco, Trenery, Witchery and Politix – has been controlled by the South African group since 1998.

    • Updated
    • Carrie LaFrenz